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believe that technology has no borders and that there are talented entrepreneurseverywhere who want to change the world, and we look forward to partnering with
them.”
“Cisco is proud to partner with DFJ and to continue our long
-standing strategy of
investing globally in the innovation economy,” said Hilton Romanski, vice president of
corporate development
at Cisco. “This is a unique and important competition, and one
that underscores our commitment to support great ideas despite difficult markets and
challenging fundraising conditions. Cisco’s own roots, as a start
-up in the early 1980s,help us appreciate that great companies are often founded in tough times. Ciscocontinues to believe in the potential and power of great ideas and entrepreneurs, and welook forward to utilizing Cisco TelePresence, our innovative and market-leadingcollaboration technolog
y solution, to make this global competition possible.”
Overall, Cisco has approximately US$1.3 billion in venture capital investmentsunder management and has been an early and active investor in major markets such as theU.S., China, India, Israel, Russia and Europe. Cisco is a strategic investor in start-upsand venture funds around the world and focuses on partnering with young, innovativecompanies.Competition finalists will be selected on various criteria including the quality of the management team, technical innovation, addressable market size, competitivepositioning, barriers, capital efficiency and financial projections. Prior business plancompetitions have produced great successes, including DFJ-backed winners DirectHit,which was acquired by AskJeeves in 2000 for US$532 million, and WeblineCommunications, acquired by Cisco for US$325 million in 1999.
The Singapore EntrantsTheMobileGamer
Overview:
TheMobileGamer's product is GameMo, a free mobile application that letsusers find and try mobile games before they buy them; right from their mobile devices.They can play before they pay on-the-go and on-demand. It is also a social network where users can invite friends, challenge them to beat high-scores and find out whatothers have been playing.Team members: Alvin Yap
–
CEO, graduated with Diploma in 2006 from Ngee AnnPolytechnic; Vincent Wang
–
COO, currently pursuing Degree at Singapore Institute of Management (SIM); Casper Peh
–
CFO, currently pursuing Degree at SIM; Chua KhimTeck
–
CTO, currently pursuing Degree at NTU; and Leong Yew Wai - SystemsArchitect, graduated with Diploma in 2004 from SIM.
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